Energy Focus, Inc. (NASDAQ:EFOI) Short Interest Up 39.0% in March
by Scott Moore · The Cerbat GemEnergy Focus, Inc. (NASDAQ:EFOI – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 58,368 shares, a growth of 39.0% from the March 15th total of 41,980 shares. Based on an average daily trading volume, of 14,869 shares, the short-interest ratio is currently 3.9 days. Currently, 1.5% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Analysis on Energy Focus
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of Energy Focus during the fourth quarter worth approximately $27,000. Citadel Advisors LLC acquired a new position in shares of Energy Focus in the 3rd quarter valued at $37,000. Finally, DRW Securities LLC purchased a new stake in Energy Focus in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 3.67% of the company’s stock.
Energy Focus Price Performance
Energy Focus stock traded down $0.02 during trading hours on Thursday, hitting $2.09. 7,057 shares of the stock traded hands, compared to its average volume of 18,584. The stock has a market capitalization of $13.19 million, a price-to-earnings ratio of -11.61 and a beta of 1.50. The firm’s 50 day moving average price is $1.88 and its 200-day moving average price is $2.24. Energy Focus has a 1 year low of $1.43 and a 1 year high of $3.56.
Energy Focus (NASDAQ:EFOI – Get Free Report) last released its quarterly earnings results on Tuesday, March 24th. The construction company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.89) by $1.83. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.The company had revenue of $0.98 million during the quarter, compared to analysts’ expectations of $3.89 million.
About Energy Focus
Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.
Founded in 1985 as a spin-out of U.S.